Pensions to lose IHT exemption

Pensions to lose IHT exemption

At the Autumn Budget the Chancellor announced plans to remove the exemption which allows unused pension funds to be inherited tax free. Currently, if a pension holder dies before the age of 75 their beneficiaries can generally inherit the remaining funds tax-free,...
Top expert reveals how to curb the National Insurance rise

Top expert reveals how to curb the National Insurance rise

A major hike in National Insurance (NI) contributions for employers is looming and now is the time for all businesses to consider ways of softening the blow. That is the view of Ian Parker, Director of chartered accountants and business advisors Whitley Stimpson,...
Government mandates real-time reporting of employee benefits

Government mandates real-time reporting of employee benefits

In a significant move to modernise the payroll tax system, the government has confirmed that starting April 2026, employers will be required to report and pay income tax and Class 1A National Insurance Contributions (NICs) on most benefits in kind (BiKs) through...
Whitley Stimpson unpacks payroll shifts following the budget

Whitley Stimpson unpacks payroll shifts following the budget

Payroll expert at accountants and business advisers Whitley Stimpson provides an update following the budget outlining the changes to employers’ costs relating to national insurance and the increase in the national living wage. In a significant move, the government...
Autumn Budget 2024 – Full Summary

Autumn Budget 2024 – Full Summary

Chancellor Rachel Reeves delivered her Budget on 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’. 

Workplace nurseries

Workplace nurseries

Providing a nursery can be a powerful way to attract and retain staff, with childcare costs in the UK among the highest in the world. Tax relief is available to employers providing workplace nurseries as long as certain criteria are met. These requirements are strict;...